UPDATE: In a statement to Eurogamer, a Microsoft spokesperson gave an update on the status of Killer Instinct development.

“We have thoroughly enjoyed working with Double Helix and wish them success in their next endeavour,” they began. “We want all of our loyal fans to know that the Killer Instinct team at Microsoft is not changing and that the franchise will remain with Microsoft Studios.

“We remain dedicated to delivering a great experience and plan to announce our new development partner soon. We’re excited about the future of this popular franchise.”

Microsoft’s Phil Spencer added that there is, “a plan in place for this transition.”

ORIGINAL STORY: The news comes via TechCrunch, and has been confirmed by Amazon.

“Amazon has acquired Double Helix as part of our ongoing commitment to build innovate games for customers,” the company said.

Neither Amazon nor Double Helix have revealed the details of the deal, especially financial terms, but TechCrunch’s sources said the deal included talent and IP.

Double Helix will continue supporting its current and future lineup of games, Amazon said, so with any luck Killer Instinct and Strider won’t be aversely affected. Its 75 staff will continue to work out of their current location.

Double Helix has quite a lot to offer Amazon. It was founded through the merger of legendary MDK and Earthworm Jim developer Shiny Entertainment with The Collective, which mainly worked on licensed games and ports.